This report examines how enrolled undergraduate students and parents of undergraduates view higher education and how they pay for it. The report considers education funding sources--from parent and student income and savings to scholarships, grants, and borrowed funds--and evaluates trends in payment strategies over time. This 18th edition builds…

Award displacement occurs when one type of financial aid award directly contributes to the change in the quantity of another award. We explore whether postsecondary institutions displaced awards in response to the Pittsburgh Promise scholarship by capitalizing on the doubling of the maximum Promise amount in 2012. We use de-identified…

In May 2025, the National Association of Student Financial Aid Administrators (NASFAA) conducted a national survey of financial aid professionals to understand how the March 2025 reduction in force (RIF) at the U.S. Department of Education (ED) and Office of Federal Student Aid (FSA)--along with related federal directives to dismantle ED--are…

In July 2025, the National Association of Student Financial Aid Administrators (NASFAA) conducted a second national survey of financial aid administrators to assess how the March 2025 reduction in force (RIF) at the U.S. Department of Education (ED) and Office of Federal Student Aid (FSA)--along with broader efforts to dismantle ED--are continuing…

On February 2, 2023, the National Association of Student Financial Aid Administrators (NASFAA) distributed a survey to 3,367 primary contacts at NASFAA member institutions. This survey asked participants to rate their institution's level of preparedness for individual provisions of the Free Application for Federal Student Aid (FAFSA)…

As a follow-up to the National Association of Student Financial Aid Administrators (NASFAA) February 2023 Free Application for Federal Student Aid (FAFSA) Simplification Pre-Implementation Survey, NASFAA administered a post-implementation Survey in October 2024 to at least one contact at NASFAA membership institutions with 2,906 potential…

Each year, NASSGAP completes a survey regarding state-funded expenditures for postsecondary student financial aid. This report, the 54th annual survey, represents data from academic year 2022-23. Data Highlights include: (1) In the 2022-23 academic year, the states awarded almost $16.6 billion in total state funded student financial aid, an…

The Tuition Opportunity Program for Students, subsequently renamed the Taylor Opportunity Program for Students (TOPS), was created by Act 1375 of the 1997 Regular Legislative Session. The first college freshman class to receive TOPS awards entered postsecondary education in the fall of 1998. Act 1202 of the 2001 Regular Legislative Session…

The report provides detailed information on policies and practices that differ between two-year and four-year public institutions. It also includes specific information about the tuition-setting process for graduate students, details on state policies for setting nonresident student tuition, and more information on state policies regarding student…

Food insecurity is widespread among college students in the United States. CalFresh food benefits, known federally as the Supplemental Nutrition Assistance Program, or SNAP, can help students in California pay for food, but may not reach all eligible students. This data point provides estimates of CalFresh participation rates among community…

Since the fall semester of 2016, first-time international student enrollment (ISE[subscript ft]) has declined at U.S. colleges and universities. This trend disrupts a steady upwards trajectory of ISE[subscript ft] rates. Previous research has demonstrated that various political, social, and macroeconomic factors influence the number of…

America's colleges and universities are at a crossroads. The number of schools closing their doors continues to grow driven by the declining number of students pursuing a bachelor's. This situation is expected to worsen because of a number of factors: (1) Starting in 2025 the U.S. will face the so-called "enrollment cliff," in which the…

The report examines how enrolled undergraduate students and parents of undergraduates view higher education and how they pay for it. The report considers education funding sources--from parent and student income and savings to scholarships, grants, and borrowed funds--and evaluates trends in payment strategies over time. This 17th edition provides…

This report presents trend data on nonfederal grant and scholarship aid awarded to undergraduate students in selected years between 2003-04 and 2015-16. Nonfederal grant and scholarship aid is typically awarded by states, institutions, employers, and private sources. Unlike loans, grant and scholarship aid does not need to be repaid. Grants and…

This First Look report provides selected findings from the High School Longitudinal Study of 2009 (HSLS:09) Postsecondary Education Administrative Records Collection (PEAR). HSLS:09 follows a nationally representative sample of students who were ninth-graders in fall 2009 from high school into postsecondary education and the workforce. The PEAR…